Real Estate Appreciation for Springfield, Massachusettes: + 9.99%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Springfield, Massachusettes did compared to the state as a whole.
The Springfield, Massachusettes MSA property value change was + 9.99% (+ 3.33% yearly).
All of the property in MA averaged + 26.39% change in value (+ 8.80% yearly).
Springfield-MA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 105.04 | + 1.24% | + 4.97% |
| 1997 | 3 | 104.68 | - 0.34% | - 1.37% |
| 1997 | 4 | 106.01 | + 1.27% | + 5.08% |
| 1998 | 1 | 108.01 | + 1.89% | + 7.55% |
| 1998 | 2 | 108.61 | + 0.56% | + 2.22% |
| 1998 | 3 | 109.89 | + 1.18% | + 4.71% |
| 1998 | 4 | 110.63 | + 0.67% | + 2.69% |
| 1999 | 1 | 110.99 | + 0.33% | + 1.30% |
| 1999 | 2 | 111.67 | + 0.61% | + 2.45% |
| 1999 | 3 | 114.37 | + 2.42% | + 9.67% |
| 1999 | 4 | 114.11 | - 0.23% | - 0.91% |
Some of the ways peope use our appreciation data for Springfield, Massachusettes include real estate investment .
Lets look at Amherst, Massachusettes, a city located in Springfield, Massachusettes MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Massachusettes check out Spec-Loan.com
If you were going to do a Amherst, Massachusettes Refinance, or Amherst, Massachusettes Reverse Mortgages, you could estimate your home value.
If you knew your Amherst, Massachusettes home was worth $96,000.00 in 1997, you could multiply by + 9.99%, add the gain and see the home should be worth $105,586.12 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-MA from 1997 to 1999:
+ 3.33%
Appreciation Comparisons
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
The top 5 performing MSAs from 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
- Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
- Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
- Napa-CA increased + 28.79% from 1997 to the end of 1999
Zip Code in MSA: 1002 - AMHERST, MA
MSA Pop: 688495Zip Pop: 36794
Avg Value: 177600
County: HAMPSHIRE
Elev: 140
Region: Northeast
Lat: 42.37686
Long: -72.46914